Global Banking Directory 2.0
Press Release Distribution Service
Add Bank | Banking Forum Online
BankDEP Crypto Bank
BanksDaily on Twitter BanksDaily on LinkedIn BanksDaily on Instagram

Financial and Banking News

Barclays secures £4.5bn from investors

Financial newsBarclays has announced it has secured £4.5 billion from investors to shore up its balance sheet but ordinary shareholders only took 19% of new shares offered at 282p each.

The majority of the shares were sold to overseas investors including a Qatari sovereign wealth fund and institutional investors such as pension funds. It is the latest British bank to ask its shareholders for extra cash as a result of the credit crunch. Royal Bank Of Scotland and Bradford & Bingley have both announced fundraising attempts to improve their balance sheets.

Royal Bank Of Scotland has already raised £12 billion while Bradford & Bingley confirmed its fundraising of £400 million yesterday after two previous attempts failed. Meanwhile, HBOS will announce on Monday if it has been successful in raising £4 billion via a rights issue.

The Qatar Investment Authority will take around 6% stake in Barclays worth £1.7 billion while a separate Qatari firm called Challenger will acquire approximately 2%. Japan's Sumitomo Mitsui Banking is to take 2.1%.

Existing shareholders China Development Bank and Singapore-based Temasek put in enough cash to maintain their existing stakes of 3% and 2%. Temasek's stake is now set to rise to between 2.5% and 3%. This would bring the combined stakes held by overseas investors to 15.5% - 16%. Commenting on the fundraising, Barclays chief executive John Varley, said the bank is pleased to welcome new shareholders and looks forward to building a relationship with them.

Source: Financial News
Date: 21.07.2008 [176]
Get your content published on in just a few clicks.

Financial and Banking News
 Post-Pandemic Economic Recovery: Key Factors Driving Growth and Stability

The COVID-19 pandemic caused a global economic halt, resulting in disruption, job losses, and uncertainty. However, as vaccination efforts progress and countries adjust to the new normal, there is hope for an economic recovery.

 Wiki Finance Expo Sydney 2023 Is Coming Soon!

Regulation, Forex, Crypto, Web 3.0, Metaverse, AI, ESG Will Be in Focus. Taking place on November 16th, Wiki Finance Expo, Sydney 2023 is Aussie largest and most anticipated fintech event of the year. 30.10.2023 | Source: WikiExpo

 Blockchain Economy Dubai Summit 2023: Just Two Weeks Away and Buzzing with Anticipation

Dubai, UAE - The Blockchain Economy Dubai Summit is generating palpable excitement within the blockchain and crypto communities, with only two weeks remaining until the event. Scheduled for October 4-5, 2023, at the Le Meridien Dubai Hotel & Conference Center, this prestigious event gathers over 3,000 blockchain entrepreneurs, crypto enthusiasts, and industry leaders from 85 countries. 20.09.2023 | Source: Teklip

 📰 News Archive

2007-2024 © | All Banks in One Place | Privacy Policy